Tether Freezes 8.2 Million $USDT on Ethereum

According to data from transaction logs on Etherscan, the frozen addresses hold 3.4 million $USDT, 1.95 million $USDT and 2.9 million $USDT. The addresses are no longer able to move funds and collectively hold $8.2 million worth. "Tether works closely with law enforcement worldwide to assist in investigations, including freezes," a spokesperson for Tether told Cointelegraph. The firm declined to comment on the nature of the new freezes, stating: "Tether cannot comment on any sort of collaboration with law enforcement agencies as part of its world-class compliance program."

Previously, Tether froze three Ethereum addresses holding more than $150 million worth of $USDT on Ethereum in January 2022.